Latest news with #billings
Yahoo
07-06-2025
- Business
- Yahoo
Why DocuSign, Inc. (DOCU) Crashed On Friday
We recently published a list of . In this article, we are going to take a look at where DocuSign, Inc. (NASDAQ:DOCU) stands against other Friday's worst-performing stocks. DocuSign dropped its share prices by 18.97 percent on Friday to end at $75.28 apiece after slashing its full-year billing outlook amidst its shift to an artificial intelligence model. For the full year period, DocuSign, Inc. (NASDAQ:DOCU) now expects billings to settle in the range of $3.285 billion to $3.339 billion, down from its previous outlook of $3.30 billion to $3.354 billion. A software engineer in front of a computer screen, typing code to build the company's electronic signature software. According to DocuSign, Inc. (NASDAQ:DOCU) CEO Allan Thygesen, the decline in billings this year was expected due to 'foundational go-to-market changes' following the adoption of Intelligent Agreement Management, an AI-driven agreement platform. However, Thygesen said that 'the impact happened sooner than anticipated,' causing the drop in early renewals during the first quarter period, and negatively impacting billings growth. In the first quarter of the year, DocuSign, Inc. (NASDAQ:DOCU) achieved a 118-percent jump in net income to $72 million from $33 million in the same period last year. Revenues increased by 7.6 percent to $763 million from $709 million year-on-year. Overall, DOCU ranks 2nd on our list of Friday's worst-performing stocks. While we acknowledge the potential of DOCU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
26-05-2025
- Business
- Yahoo
BMO Capital Maintains Market Perform rating on Autodesk (ADSK), Lifts PT
On May 23, BMO Capital Markets adjusted its stance on Autodesk, Inc. (NASDAQ:ADSK)'s stock, raising its price objective to $333 from the prior target of $324, while maintaining a 'Market Perform' rating. The decision was backed by the company's healthy start to FY 2026, exceeding expectations with its billings and offering favourable commentary related to its business model transition. A software engineer using AutoCAD Civil 3D to create a 3D design in a modern office setting. In Q1 2026, the company saw billings of $1,434 million, reflecting a YoY growth of 29%. This growth stemmed from the shift to annual billings for most multi-year contracts and a pivot to the new transaction model. During the quarter, the contribution from the new transaction model to billings amounted to $105 million. Autodesk, Inc. (NASDAQ:ADSK) exhibited resilience in its demand conditions amidst a tough macroeconomic environment. BMO Capital's analyst Daniel Jester mentioned that the company considered incremental conservatism in its billings guidance for the fiscal year. Since February, the US dollar depreciated against major currencies, while the macroeconomic uncertainty has increased. Therefore, the increases in the company's billings, revenue, and FCF dollar guidance ranges imply the foreign exchange movements. This is partly offset by additional caution in its underlying growth assumptions. For FY 2026, Autodesk, Inc. (NASDAQ:ADSK) expects billings of between $7,160 million - $7,310 million, revenue of between $6,925 million - $6,995 million, and FCF of $2,100 million - $2,200 million. Autodesk, Inc. (NASDAQ:ADSK) offers 3D design, engineering, and entertainment technology solutions. While we acknowledge the potential of ADSK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ADSK and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Sign in to access your portfolio
Yahoo
26-05-2025
- Business
- Yahoo
BMO Capital Maintains Market Perform rating on Autodesk (ADSK), Lifts PT
On May 23, BMO Capital Markets adjusted its stance on Autodesk, Inc. (NASDAQ:ADSK)'s stock, raising its price objective to $333 from the prior target of $324, while maintaining a 'Market Perform' rating. The decision was backed by the company's healthy start to FY 2026, exceeding expectations with its billings and offering favourable commentary related to its business model transition. A software engineer using AutoCAD Civil 3D to create a 3D design in a modern office setting. In Q1 2026, the company saw billings of $1,434 million, reflecting a YoY growth of 29%. This growth stemmed from the shift to annual billings for most multi-year contracts and a pivot to the new transaction model. During the quarter, the contribution from the new transaction model to billings amounted to $105 million. Autodesk, Inc. (NASDAQ:ADSK) exhibited resilience in its demand conditions amidst a tough macroeconomic environment. BMO Capital's analyst Daniel Jester mentioned that the company considered incremental conservatism in its billings guidance for the fiscal year. Since February, the US dollar depreciated against major currencies, while the macroeconomic uncertainty has increased. Therefore, the increases in the company's billings, revenue, and FCF dollar guidance ranges imply the foreign exchange movements. This is partly offset by additional caution in its underlying growth assumptions. For FY 2026, Autodesk, Inc. (NASDAQ:ADSK) expects billings of between $7,160 million - $7,310 million, revenue of between $6,925 million - $6,995 million, and FCF of $2,100 million - $2,200 million. Autodesk, Inc. (NASDAQ:ADSK) offers 3D design, engineering, and entertainment technology solutions. While we acknowledge the potential of ADSK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ADSK and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
